Industry ranking
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2025 - 31 Mar 2026 | 28 Apr 2026 | 21 | 75% | 16% | 9% | 62% |
| 01 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 21 | 76% | 17% | 7% | 57% |
| 01 Oct 2024 - 31 Mar 2025 | 22 Apr 2025 | 17 | 80% | 13% | 7% | 37% |
| 01 Apr 2024 - 30 Sept 2024 | 24 Oct 2024 | 22 | 73% | 18% | 9% | 44% |
| 01 Oct 2023 - 31 Mar 2024 | 22 Apr 2024 | 20 | 77% | 14% | 9% | 39% |
| 01 Apr 2023 - 30 Sept 2023 | 23 Oct 2023 | 19 | 78% | 14% | 8% | 38% |
| 01 Apr 2022 - 30 Sept 2022 | 19 Oct 2022 | 20 | 79% | 11% | 10% | 36% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 21 | 76% | 14% | 10% | 42% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 26 | 80% | 12% | 8% | 45% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 25 | 73% | 16% | 11% | 45% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 33 | 19% | 38% | 41% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 35 | 10% | 31% | 58% | 40% |
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | 39 | 10% | 31% | 58% | 24% |
| 01 Jan 2018 - 30 Sept 2018 | 25 Oct 2018 | 60 | 52% | 13% | 36% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Trowers & Hamlins LLP pay invoices within 30 days of receipt of a valid invoice or as per agreed terms with suppliers. A majority of Trowers & Hamlins LLP payments relate to client disbursements. Payment of Counsel Fees on behalf of our clients are treated differently to normal supplier payments. These invoices are paid as soon as we are in receipt of funds from our client. Due to the nature of client transactions this can mean payment of invoices several months after original receipt.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Where there is any dispute over an invoice then this would be handled directly with the suppliers contact at Trowers & Hamlins LLP who would then escalate within the business as required.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Trowers & Hamlins LLP is an international law firm registered in the UK, operating from offices in London, Birmingham, Exeter and Manchester alongside locations across the Middle East and Asia. The firm employs over 170 partners and more than 1000 people. It provides legal services across areas including real estate, corporate, private wealth, dispute resolution, construction, employment and pensions, commercial law, affordable housing and finance. It advises clients across sectors such as affordable housing, education, energy, health and social care, hospitality and transport. The firm has a long history, tracing back around 240 years, and describes itself as offering integrated legal advice combining commercial insight with sector expertise across its international network of offices.
Generated from the company's website and Companies House records. Sources: trowers.com · trowers.com · trowers.com